Economic growth cannot solve everything
Degrowth isn’t the same as a recession – it’s an alternative to growing the economy forever. Katharina Richter discusses the benefits
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CLIMATE CHANGE
Explore commentary on climate and energy policy and the financial policies required in the transition to a green economy
Climate change and financial stability
Christopher Waller explores financial risks associated with climate change, and cast doubt on the need for special focus on how banks are preparing for climate change risks
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Climate regulation and financial risk: the challenge of policy uncertainty
Berg et al argue that it would be welfare-enhancing if policy changes were to follow a predictable longer-term path, and suggest a role for financial regulation in the transition
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Climate action: approaching a tipping point?
Sarah Breeden reflects that we haven’t yet reached the tipping point in an unavoidably uncertain transition. Governments, business, finance and central banks all have unique roles to play to get us there
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Mobilising transition finance will require credible corporate climate plans
Alexander Lehmann says investors need tools to evaluate whether climate transition plans are credible
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Climate versus trade? Reconciling international subsidy rules with industrial decarbonisation
David Kleimann argues that environmental subsidies could be justified when emissions taxation is not feasible or is insufficient due to political economy constraints
Daring to know in times of uncertainty and structural shifts
Klaas Knot considers three structural shifts in the global economy: NBFI, cryptoassets and climate change, which affect the resilience of the global financial system
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Carbon taxes may be a boon for the world, even in the short run
Bruno Conte, Klaus Desmet and Esteban Rossi-Hansberg argue that it is time to take a serious look at carbon taxes as they are less costly than you thought
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Monetary policy tightening and the green transition
Isabel Schnabel argues that unprecedented investments are needed in technical innovations and renewable energy to protect our planet
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The end of ESG: an evolution from niche to mainstream
Alex Edmans argues that ESG shouldn’t be put on a pedestal compared to other intangible assets that affect both financial and social value
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